Navios Maritime Partners (NYSE:NMM) Sees Strong Trading Volume on Better-Than-Expected Earnings

Navios Maritime Partners LP (NYSE:NMM - Get Free Report) saw an uptick in trading volume on Tuesday following a better than expected earnings announcement. 80,322 shares were traded during trading, a decline of 28% from the previous session's volume of 112,028 shares.The stock last traded at $52.4430 and had previously closed at $53.28.ZIM Shipping stock proves unsinkable despite Red Sea disruptionsThe shipping company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.55 by $0.28. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.24%. The company's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.15 EPS. Navios Maritime Partners Announces DividendThe company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Navios Maritime Partners's dividend payout ratio is currently 1.99%. Analyst Upgrades and DowngradesSeparately, Weiss Ratings restated a "hold (c+)" rating on shares of Navios Maritime Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".Check Out Our Latest Research Report on NMMInstitutional Trading of Navios Maritime PartnersSeveral institutional investors and hedge funds have recently bought and sold shares of NMM. Allworth Financial LP bought a new stake in Navios Maritime Partners during the 2nd quarter valued at approximately $47,000. TD Waterhouse Canada Inc. purchased a new position in shares of Navios Maritime Partners in the 2nd quarter valued at approximately $62,000. State of Wyoming purchased a new position in shares of Navios Maritime Partners in the 1st quarter valued at approximately $157,000. Cerity Partners LLC bought a new stake in shares of Navios Maritime Partners during the second quarter valued at approximately $212,000. Finally, Aristides Capital LLC purchased a new stake in Navios Maritime Partners in the second quarter worth $228,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors. Navios Maritime Partners Stock PerformanceThe company has a 50 day moving average of $47.35 and a two-hundred day moving average of $43.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $1.56 billion, a PE ratio of 5.22 and a beta of 1.53. Navios Maritime Partners Company Profile (Get Free Report)Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.See AlsoFive stocks we like better than Navios Maritime PartnersHigh Flyers: 3 Natural Gas Stocks for March 20223 Smart Defensive Stocks for an Uneasy Market3 Best Fintech Stocks for a Portfolio BoostThese 3 Stocks Are Using Buybacks to Signal Market ConfidenceBest Stocks Under $5.003 Companies to Watch as Natural Gas Stocks Make a ComebackThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Navios Maritime Partners Right Now?Before you consider Navios Maritime Partners, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navios Maritime Partners wasn't on the list.While Navios Maritime Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here